Question: We have routed export where we drop it off at FPPI agent facility in Laredo Texas. The customer’s agent takes it to Mexico at a later date. I do not see any filing on this shipment completed by the FPPI agent. We gave them the export documents and data points timely and accurtely.In FTR […]
Question: Our company buys products containing gold. The supplier has signed our Trade Compliance Clause, confirming that they comply with all applicable sanctions and export controls, including but not limited to the requirements under EU and US laws.While we cannot be certain that such products contain Russian gold, if we have our suspicions, how many […]
Question: Hello! During an internal export audit, I noticed that one of the carriers has been providing the Shipment Summary Report (SSR) instead of the Electronic Export Information (EEI). It’s worth noting that the SSR contains the information included in the EEI. What should we do in this case? Should we request the EEI for […]
Question: I have been tasked to audit a 284k parts database. I have HTS classifications that I can filter and volume per HTS, but I don’t have value. I believe risk and volume are the main factors. low medium high volume and low / high risk. Risk being complexity and high duty (tariffs implications). I’d […]
Question: Hello Membership!! I am wondering how everyone is handling import entry audits in this time of increased workload and compliance enforcement. Are there are AI tools perhaps that are available for scraping import documents to compare against ACE/Broker reports? Answer 1: Hello, I have built a custom GPT within ChatGPT to review the 7501 […]
Question: Hello, We are looking for a consultant to help our Australia Branch run an Audit on their Import and Trade Compliance Program. Does anyone know a Trade Compliance Consultant in Australia or who specializes in Australian Regulations? Asked by: Chris Pophal – chris.pophal@promega.com Answer 1: We like Compliance OnDemand. Reasonable, thorough and fast. They […]
Question: Question: Would like to have the industries’ input on the following: Best practices for identifying quantity discrepancies, or payment, or value discrepancies for imports. Best practices for annual review of potential additions to value: packing costs, selling commissions, assists, royalty or license fees and process of resale or disposal. Answer 1: For number 1 […]
Question: Question: Would like to have the industries’ input on the following: Best practices for identifying quantity discrepancies, or payment, or value discrepancies for imports. Best practices for annual review of potential additions to value: packing costs, selling commissions, assists, royalty or license fees and process of resale or disposal. Answer 1: For number 1 […]
Question: My company self-files most of our shipments. Currently we audit 100% of these entries prior to the summary date. Since we use a GTM software to create these entries from the shipment, purchase order, and part table in the software (that we audit quarterly), we only audit a few elements that may require some […]
Question: I would like to ask ICPA members if there’s anyone here have the same scenario. Company A (located in the U.S but have locations globally) interested on acquiring Company B (located in U.S.). Company A is auditing Import and Export information and transactions from Company B within the last five years. Can Company A […]
Question: Do any other importers have “best practice” procedures for Finance/AP to audit the value of imported merchandise by comparing the payment for imported merchandise to its entered value and reporting any discrepancies to Import Compliance? Does U.S. Customs care if importers have such a cross-functional audit process in place? Answer 1: In the past […]
Question: I am working on creating a Trade Compliance assessment form for an upcoming internal import/export assessment. Does anyone have a general template they can share? Answer 1: Scope & Methodology. You will need to evaluate your company’s international trade and customs regulatory compliance processes against a set of recommended best practices in three areas: […]
